Get personalized guidance to help you understand your options, reduce costly mistakes, and create a financial strategy designed for your future.
Medicare Part D · Prescription drugs
Prescription Coverage, Made Simple
Medicare Part D helps cover the cost of your prescription medications through private, Medicare-approved plans. We'll help you find the one that covers your drugs for the least out of pocket.
October 15 – December 7
Two ways to get Part D
A standalone drug plan
Add a separate Part D plan to Original Medicare (Parts A & B).
Built into Medicare Advantage
Many Medicare Advantage (Part C) plans include drug coverage automatically.
Get personalized guidance to help you understand your options, reduce costly mistakes, and create a financial strategy designed for your future.
Medicare Part D · Prescription drugs
Prescription Coverage, Made Simple
Medicare Part D helps cover the cost of your prescription medications through private, Medicare-approved plans. We'll help you find the one that covers your drugs for the least out of pocket.
October 15 – December 7
Two ways to get Part D
A standalone drug plan
Add a separate Part D plan to Original Medicare (Parts A & B).
Built into Medicare Advantage
Many Medicare Advantage (Part C) plans include drug coverage automatically.
The formulary
Why The Same Drug Can Cost Different Amounts
Every Part D plan has a formulary — its list of covered drugs — sorted into tiers. Lower tiers usually cost you less, which is why picking the right plan for your medications matters.
TIER
1
Preferred Generics
Everyday generic medications — your lowest-cost option.
⬤ ⬤ ⬤ ⬤ ⬤
Lowest
TIER
2
Generics
Other generic drugs, at a slightly higher share of cost.
⬤ ⬤ ⬤ ⬤ ⬤
Low
TIER
3
Preferred brand-name
Brand-name drugs the plan has negotiated better pricing on.
⬤ ⬤ ⬤ ⬤ ⬤
Medium
TIER
4
Non-preferred drugs
Higher-cost brand-name and some generic medications.
⬤ ⬤ ⬤ ⬤ ⬤
Higher
TIER
5
Specialty
High-cost specialty medications for complex conditions.
⬤ ⬤ ⬤ ⬤ ⬤
Highest
Tiers shown are a common example — each plan sets its own formulary and tiers. We check your exact medications against every plan available to you.
The formulary
Why The Same Drug Can Cost Different Amounts
Every Part D plan has a formulary — its list of covered drugs — sorted into tiers. Lower tiers usually cost you less, which is why picking the right plan for your medications matters.
TIER
1
Preferred Generics
Everyday generic medications — your lowest-cost option.
⬤ ⬤ ⬤ ⬤ ⬤
Lowest
TIER
2
Generics
Other generic drugs, at a slightly higher share of cost.
⬤ ⬤ ⬤ ⬤ ⬤
Low
TIER
3
Preferred brand-name
Brand-name drugs the plan has negotiated better pricing on.
⬤ ⬤ ⬤ ⬤ ⬤
Medium
TIER
4
Non-preferred drugs
Higher-cost brand-name and some generic medications.
⬤ ⬤ ⬤ ⬤ ⬤
Higher
TIER
5
Specialty
High-cost specialty medications for complex conditions.
⬤ ⬤ ⬤ ⬤ ⬤
Highest
Tiers shown are a common example — each plan sets its own formulary and tiers. We check your exact medications against every plan available to you.
Why enroll
The Benefits of Part D Coverage
Enrolling in a Part D plan offers several key benefits that can enhance your healthcare experience.
Prescription coverage
Part D plans cover a wide range of medications, so you have access to the drugs your provider prescribes.
Cost savings
By covering part of your prescription costs, a plan can significantly reduce your out-of-pocket spending.
Choice & accessibility
With many plans available, you can pick the one that fits your medications and preferred pharmacies.
Protection from high costs
Part D now includes a yearly limit on what you pay out of pocket for covered drugs, so one expensive year can't spiral.
Why enroll
The Benefits of Part D Coverage
Enrolling in a Part D plan offers several key benefits that can enhance your healthcare experience.
Prescription coverage
Part D plans cover a wide range of medications, so you have access to the drugs your provider prescribes.
Cost savings
By covering part of your prescription costs, a plan can significantly reduce your out-of-pocket spending.
Choice & accessibility
With many plans available, you can pick the one that fits your medications and preferred pharmacies.
Protection from high costs
Part D now includes a yearly limit on what you pay out of pocket for covered drugs, so one expensive year can't spiral.
How Medicare & Money helps
The right plan for your medications
We match your actual prescription list to the plan that covers them for the least — and handle the rest.
Experience
Years of helping people understand Medicare — we simplify the process and make sure you're covered.
Medication analysis
We review your current prescriptions and check which plans cover your drugs at the most affordable rates.
Personalized guidance
Your needs are unique. We assess your situation and match you to the plan that fits you best.
Comprehensive support
We're here all year — not just during enrollment — for ongoing answers and support.
How Medicare & Money helps
The right plan for your medications
We match your actual prescription list to the plan that covers them for the least — and handle the rest.
Experience
Years of helping people understand Medicare — we simplify the process and make sure you're covered.
Medication analysis
We review your current prescriptions and check which plans cover your drugs at the most affordable rates.
Personalized guidance
Your needs are unique. We assess your situation and match you to the plan that fits you best.
Comprehensive support
We're here all year — not just during enrollment — for ongoing answers and support.
Bring your prescription list
Let's find your lowest-cost drug plan
Share your medications and we'll compare every Part D plan available to you — premiums, copays, and formularies included.
Bring your prescription list
Let's find your lowest-cost drug plan
Share your medications and we'll compare every Part D plan available to you — premiums, copays, and formularies included.
Common questions
Medicare Part D FAQs
What is Medicare Part D?
Medicare Part D is prescription drug coverage offered by private insurance companies approved by Medicare. It helps cover the cost of prescription medications and is designed to work alongside Original Medicare (Parts A and B) or be included in a Medicare Advantage (Part C) plan.
Who is eligible for Medicare Part D?
Anyone enrolled in Medicare Part A or Part B is eligible to join a Part D prescription drug plan. Keep in mind that you usually need to actively enroll — Part D coverage isn't automatic.
When can I enroll in a Part D plan?
You can enroll during any of these periods:
Initial Enrollment Period (IEP) — when you first become eligible for Medicare, around your 65th birthday.
Annual Enrollment Period (AEP) — October 15 to December 7 each year, when you can join, switch, or drop a Part D plan.
Medicare Advantage Open Enrollment — January 1 to March 31, if you're already in a Medicare Advantage plan.
What happens if I don't enroll when I'm first eligible?
If you go 63 or more days in a row without creditable prescription drug coverage after your Initial Enrollment Period, you may owe a late enrollment penalty that's added to your premium for as long as you have Part D. Enrolling on time — or letting us check your current coverage — helps you avoid it.
What medications are covered?
Each plan has a list of covered drugs called a formulary. Formularies vary from plan to plan and sort medications into tiers, each with a different cost. It's important to review the formulary to make sure your specific medications are covered — which is exactly what we help you do.
Can I use any pharmacy?
Part D plans typically have a network of pharmacies. Some offer both in-network and out-of-network coverage, but using in-network — and especially preferred — pharmacies usually saves you money.
How can Medicare & Money help with Part D?
Medication analysis — we review your prescriptions and find which plans cover your drugs most affordably.
Plan comparison — we compare the plans in your area on premiums, copays, and formularies.
Enrollment assistance — we guide you through choosing and enrolling in the right plan.
Cost evaluation — a clear breakdown of premiums, deductibles, and potential out-of-pocket costs.
Ongoing support — we're here to answer questions long after you enroll.
Common questions
Medicare Part D FAQs
What is Medicare Part D?
Medicare Part D is prescription drug coverage offered by private insurance companies approved by Medicare. It helps cover the cost of prescription medications and is designed to work alongside Original Medicare (Parts A and B) or be included in a Medicare Advantage (Part C) plan.
Who is eligible for Medicare Part D?
Anyone enrolled in Medicare Part A or Part B is eligible to join a Part D prescription drug plan. Keep in mind that you usually need to actively enroll — Part D coverage isn't automatic.
When can I enroll in a Part D plan?
You can enroll during any of these periods:
Initial Enrollment Period (IEP) — when you first become eligible for Medicare, around your 65th birthday.
Annual Enrollment Period (AEP) — October 15 to December 7 each year, when you can join, switch, or drop a Part D plan.
Medicare Advantage Open Enrollment — January 1 to March 31, if you're already in a Medicare Advantage plan.
What happens if I don't enroll when I'm first eligible?
If you go 63 or more days in a row without creditable prescription drug coverage after your Initial Enrollment Period, you may owe a late enrollment penalty that's added to your premium for as long as you have Part D. Enrolling on time — or letting us check your current coverage — helps you avoid it.
What medications are covered?
Each plan has a list of covered drugs called a formulary. Formularies vary from plan to plan and sort medications into tiers, each with a different cost. It's important to review the formulary to make sure your specific medications are covered — which is exactly what we help you do.
Can I use any pharmacy?
Part D plans typically have a network of pharmacies. Some offer both in-network and out-of-network coverage, but using in-network — and especially preferred — pharmacies usually saves you money.
How can Medicare & Money help with Part D?
Medication analysis — we review your prescriptions and find which plans cover your drugs most affordably.
Plan comparison — we compare the plans in your area on premiums, copays, and formularies.
Enrollment assistance — we guide you through choosing and enrolling in the right plan.
Cost evaluation — a clear breakdown of premiums, deductibles, and potential out-of-pocket costs.
Ongoing support — we're here to answer questions long after you enroll.
READY TO GET STARTED?
You don't have to keep paying for what you don't know. Schedule a free, no-obligation consultation — and let's build your plan before life demands one.
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CUSTOMER CARE
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Copyright 2026. Medicare and Money. All Rights Reserved.
READY TO GET STARTED?
You don't have to keep paying for what you don't know. Schedule a free, no-obligation consultation — and let's build your plan before life demands one.
COMPANY
CUSTOMER CARE
LEGAL
FOLLOW US
Copyright 2026. Medicare and Money. All Rights Reserved.